Danylo Hetmantsev, a senior Ukrainian lawmaker who chairs the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, said Kiev was on track to "legalise" cryptocurrencies by the summer and that the main text of the bill was fully ready. Lawmakers are still debating several issues, including how regulators and law enforcement officials would apply the "financial surveillance" approach to cryptocurrency trading. In addition, the bill's designers must complete tax-related matters before the draft bill can be sent to Rada.